SteelPeak Wealth LLC Acquires 7,952 Shares of NextEra Energy, Inc. (NYSE:NEE)

SteelPeak Wealth LLC boosted its position in NextEra Energy, Inc. (NYSE:NEE) by 33.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 31,610 shares of the utilities provider’s stock after purchasing an additional 7,952 shares during the period. SteelPeak Wealth LLC’s holdings in NextEra Energy were worth $2,020,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avitas Wealth Management LLC increased its holdings in NextEra Energy by 2.9% in the 4th quarter. Avitas Wealth Management LLC now owns 37,843 shares of the utilities provider’s stock worth $2,299,000 after purchasing an additional 1,057 shares in the last quarter. Stiles Financial Services Inc increased its holdings in NextEra Energy by 9.0% in the 4th quarter. Stiles Financial Services Inc now owns 35,180 shares of the utilities provider’s stock worth $2,137,000 after purchasing an additional 2,899 shares in the last quarter. Janney Capital Management LLC increased its holdings in NextEra Energy by 9.5% in the 4th quarter. Janney Capital Management LLC now owns 46,673 shares of the utilities provider’s stock worth $2,835,000 after purchasing an additional 4,047 shares in the last quarter. Asio Capital LLC acquired a new position in NextEra Energy in the 4th quarter worth about $2,701,000. Finally, AJOVista LLC acquired a new stake in shares of NextEra Energy in the fourth quarter valued at about $162,000. Institutional investors and hedge funds own 78.72% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Mizuho cut NextEra Energy from a “buy” rating to a “neutral” rating and set a $71.00 price target for the company. in a research note on Wednesday, June 12th. BMO Capital Markets increased their price target on NextEra Energy from $78.00 to $79.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Wells Fargo & Company restated an “overweight” rating and set a $95.00 target price on shares of NextEra Energy in a research report on Wednesday, June 12th. Royal Bank of Canada upped their target price on NextEra Energy from $74.00 to $84.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Finally, Scotiabank increased their price target on NextEra Energy from $69.00 to $73.00 and gave the stock a “sector outperform” rating in a report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $77.57.

NextEra Energy Stock Performance

NYSE:NEE opened at $70.81 on Monday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.51 and a quick ratio of 0.43. The business has a fifty day simple moving average of $73.25 and a two-hundred day simple moving average of $64.52. NextEra Energy, Inc. has a 1 year low of $47.15 and a 1 year high of $80.47. The company has a market capitalization of $145.48 billion, a P/E ratio of 19.29, a P/E/G ratio of 2.42 and a beta of 0.54.

NextEra Energy (NYSE:NEE) last announced its quarterly earnings results on Tuesday, April 23rd. The utilities provider reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $5.73 billion during the quarter, compared to analysts’ expectations of $6.28 billion. NextEra Energy had a return on equity of 11.72% and a net margin of 27.62%. The firm’s quarterly revenue was down 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.84 earnings per share. On average, analysts expect that NextEra Energy, Inc. will post 3.4 earnings per share for the current year.

NextEra Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Monday, June 3rd were given a $0.515 dividend. This represents a $2.06 annualized dividend and a dividend yield of 2.91%. The ex-dividend date was Monday, June 3rd. NextEra Energy’s dividend payout ratio (DPR) is presently 56.13%.

About NextEra Energy

NextEra Energy, Inc, through its subsidiaries, generates, transmits, distributes, and sells electric power to retail and wholesale customers in North America. The company generates electricity through wind, solar, nuclear,natural gas, and other clean energy. It also develops, constructs, and operates long-term contracted assets that consists of clean energy solutions, such as renewable generation facilities, battery storage projects, and electric transmission facilities; sells energy commodities; and owns, develops, constructs, manages and operates electric generation facilities in wholesale energy markets.